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ARA Libertad: Argentina government seek overturn of court ruling

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Libertad Ship Ghana business news reported last week the seizure of the ARA Libertad, an Argentine training ship, by the Ghanaian government.

On Tuesday, October 9, the parties met in court as the Argentine government seeks to overturn the ruling and demands that Ghana releases the vessel.

The Ghanaian government was acting on orders given by an international court over a suit filed by a hedge fund.

US hedge fund, Elliott Capital Management, has been in a long legal battle with Argentina over default of a 2001 bond which it owes in full. They received an injunction from the US court for the detention of the vessel.

In a statement released by the Argentine Foreign Ministry, they argued that the measure is in violation of the Vienna Convention on diplomatic immunity.

True to their word, the two parties met in an Accra commercial court on Tuesday, where the Argentine government has filed to overturn the ruling in order to release the ship. The case was heard by Justice Richard Adjei-Frimpong.

Both parties and their representation refuse to comment on the case. The case has been adjourned to Thursday where Justice Adjei-Frimpong said he would give his ruling.

If Argentina is unable to overturn the ruling it will be obligated to refund the bond money to its debtors.
Ama Mensah / Ghana News

Tags:     ARA Libertad      Ghana      Ship      Argentina      Court